CoinShares CSO Meltem Demirors finds crypto infrastructure and developer tools more interesting than Web3 and the money aspect of crypto during the current bear market. The ongoing cryptocurrency market decline is the right time for the community to strengthen infrastructure fundamentals, according to the chief strategy officer at the European digital asset manager CoinShares. CoinShares…
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Bitcoin (BTC) and crypto-backed investment funds saw outflows of USD 423m last week, marking the largest weekly outflows on record “by a wide margin,” data from the digital asset investment firm CoinShares shows. Per the latest update from CoinShares, the large outflows were solely focused on BTC funds, with USD 453m in capital leaving…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Three Arrows Keep Hurting Crypto Market, Circle’s Euro Coin in US, Samsung’s Wallet + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year.
Bitcoin’s Price Estimate by Crypto Fund Managers
PWC, a Big Four accounting firm, published its “4th…
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“What has pushed Bitcoin into a “crypto winter” over the last six months can by and large be explained as a direct result of an increasingly hawkish rhetoric from the US Federal Reserve,” CoinShares wrote. Institutional investors offloaded $101.5 million worth of digital asset products last week in ‘anticipation of hawkish monetary policy’ from the…
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Both of the new Australian exchange-traded funds by 3iQ Digital Asset Management will feed from its existing Bitcoin and Ethereum ETFs listed on the Toronto Stock Exchange. A further two cryptocurrency-backed exchange-traded funds (ETFs) have launched on the Cboe Australia exchange on June 7 bringing the total amount of crypto ETFs available to Australian traders…
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Bitcoin investment funds are seeing positive inflows while Ether funds continue to be drained, according to industry data. Digital asset investment products registered positive inflows last week, though the gains were mainly concentrated in Bitcoin (BTC) funds, signaling a more cautious approach to crypto allocation on the part of institutional investors. Bitcoin investment products saw…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Binance Labs’ USD 500M Investment Fund, FTX’s Talks With Goldman Sachs, KuCoin’s Wallet + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Investors in funds backed by bitcoin (BTC) appear to be taking advantage of the lower prices, adding close to USD 299m to such funds last week, or the most this year, while ethereum (ETH) outflows more than doubled. … Read More: Record Inflows into Bitcoin as ‘Safety’-Seeking Investors Buy the Dip; Ethereum Outflows Double Read…
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Investment funds backed by bitcoin (BTC) last week saw their largest outflows for a single week since June of 2021, with USD 132.7m being withdrawn by investors, according to data from the crypto investment and research firm CoinShares…. Read More: Bitcoin Funds Sees Largest Weekly Outflows in a Year, ‘Hawkish Rhetoric’ to Blame Read…
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